How do less economically wealthy states help institutions like the European Union and why are they needed?
Edit: apologise for the awfully written title
In: 12
Poor countries are ones that most urgently need to make expensive investments in their economy and infrastructure. If those poor countries are in the EU, French and German and Dutch companies will be much more likely to be the ones selling them the products and services they need— at the expense of Russian, American, Chinese, or Japanese companies.
And if the EU is good at raising countries out of poverty (the jury’s still out on this one, but many people are optimistic), you sidestep the issue of, *but the thing about being a poor country is that you can’t* ***afford*** *those expensive goods and services to improve your economy and infrastructure.* You can just *lend* them the money, and by the time the loans come due, the country won’t be poor anymore! (Okay, yeah, I’m really zooming out and fuzzing some details there) And, bonus, it was your country’s banks that got to float the loans, so the interest comes back to you!
Latest Answers